A recent report published by Infinium Global Research on glycerol market provides in-depth analysis of segments and sub-segments in the global as well as regional glycerol market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional glycerol market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global glycerol market. According to the report, the global glycerol market is projected to grow at a CAGR of 7.5 to 8% over the forecast period of 2018-2024.

Market Insight

Glycerol is colorless, odorless,
viscous, and non-toxic alcohol. It is most commonly known as glycerin. It is
generally obtained from plant and animal sources. It is a material of
outstanding utility with many areas of application such as food, chemical,
pharmaceutical, and cosmetic industries. It is mainly used in the production of
value-added chemical products. The valuable emollient and demulcent properties
of glycerol makes it an important ingredient in innumerable pharmaceutical and
cosmetic preparations.

Glycerol finds application among
a broad diversity of end uses. The growing demand for glycerol from the end use
industries is the primary factor for the growth of the glycerol market. The
chemical industry uses glycerol in the manufacture of antifreeze and sealing
compounds. Glycerol is used in the pharmaceutical industry to extract and
prevent inert materials from precipitating upon standing. It is used as a
moistening agent for baked goods and is also added to candies and icings to
prevent crystallization. Glycerol is used as a solvent for food colors and
carrier for extracts and flavoring agents.

The growing demand for cosmetic
products containing glycerin owing to the growing awareness about its several
beauty benefits boosts the growth of the glycerol market. It is widely used in
a variety of personal care products, including toothpaste, hair conditioner,
cosmetics, and moisturizers. Glycerol provides smoothness in lotions, creams,
and toothpaste. Furthermore, the increasing demand for environment-friendly
products and favorable government regulations contributes to the growth of the
glycerol market. However, the availability of alternatives such as ceramides,
diethylene glycol, and sorbitol among others and deficit in the availability of
raw materials due to the demand from other industries hampers the growth of the
glycerol market. Moreover, the use of glycerol as a sweetener in foods marketed
to diabetics, low-carb dieters’ change in food habits of people, and escalation
in the incidences of lifestyle diseases such as diabetes has fueled the growth
of glycerol market. Additionally, the surge in the production of biofuels
generates fruitful opportunities for the growth of the glycerol market.

The nature of the glycerol market
is highly fragmented. Geographically, Europe is the largest region in terms of
the total addressable market size of the glycerol market. The growth of the
personal care industry and the presence of well-established cosmetic
manufacturers in Europe drives the growth of the glycerol market in this
region. North America holds the second largest market share in the global
glycerol market due to the large-scale consumption of glycerol as a raw
material from several end users such as food and pharmaceutical industries
boost the market growth in this region. The Asia Pacific is set to grow with a
significant rate in the glycerol market owing to the increasing
industrialization and growth of the chemical sector in this region.

Segment Covered

The report on global glycerol market covers segments such as production source, and application. On the basis of production source, the sub-markets include biodiesel, fatty alcohols, and fatty acids. On the basis of application, the sub-markets include personal care, pharmaceuticals, food & beverages, chemicals, and others.

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of glycerol market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.

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